The rising health concerns and the changing consumer perception have fuelled the demand for meat substitute products. A healthy lifestyle, supported by the integration of plant-based alternatives
The rising health concerns and the changing consumer perception have fuelled the demand for meat substitute products. A healthy lifestyle, supported by the integration of plant-based alternatives, has become a popular notion among consumers
The market is primarily driven by the increasing demand for plant-based meat products among the millennials.
The global meat substitutes market is estimated to account for USD 1.6 billion in 2019 and is projected to reach USD 3.5 billion by 2026, recording a CAGR of 12.0% during the forecast period.
The meat substitutes market is primarily driven by the increasing demand for plant-based meat products among the millennials.
Plant-based protein ingredients have proved to be a better substitute for meat products. This is due to their high protein value, along with their texture, which enhances the taste of the final products.
Asia Pacific’s growth is attributed to the increasing awareness of people about healthy dietary habits. The key factors driving growth in the Asia Pacific region are the need for health benefits, animal welfare, environment safety, cost affordability.
The rising demand for vegan food products and changing consumer perception for a healthy lifestyle are projected to drive the meat substitutes market in the coming years.
Rising obesity levels due to the consumption of meat and meat products have led to an increasing consumer preference for meat substitutes.
Rising obesity levels due to the consumption of meat and meat products have led to an increasing consumer preference for meat substitutes.
Factors such as public awareness regarding the increase in obesity levels, as a result of high meat consumption, have led to the demand for meat substitutes.
Factors such as public awareness regarding the increase in obesity levels, as a result of high meat consumption, have led to the demand for meat substitutes.
The meat substitutes market is projected to reach USD 5.96 Billion by 2022, at a CAGR of 6.6% from 2016
The meat substitutes market is projected to reach USD 5.96 Billion by 2022, at a CAGR of 6.6% from 2016